The demand for cryptocurrencies is increasing as the world becomes more digital. Since there are so many choices, it can take time to determine good investments. I’ve produced a list of the top five cryptocurrencies to buy in 2023 to help you make an informed selection. These coins have a record of success, strong teams, and a high potential for future growth. Whether you’re new to cryptocurrency or a seasoned investor, these coins are worth including in your portfolio.
Because we are in the most significant bear market in crypto history, these coins have the potential to make you millions. Now is the moment to buy them all at deeply discounted prices. This is when million-dollar trades are initiated.
Today’s article will introduce you to five notable projects with huge potential for 2023 and beyond. I have listed low- to high-risk investments, with number five being the most profitable. So, read to the end to find the most potential cryptocurrency to buy right now.
Please remember that this is not financial advice, and you should research before investing. Let’s not waste any more time and get started.
The first token on my list is already a well-established project, but it could be a good investment.
ApeCoin
ApeCoin (APE) is an ERC-20 token that is used throughout the APE ecosystem. ApeCoin is the ecosystem’s governance token, and holders of ApeCoin can participate in ApeCoin DAO. ApeCoin will also be used to purchase games, items, attend events, and get services.
ApeCoin is now trading at about $3.80 and has a market cap of slightly more than $1.3 billion. ApeCoin was launched this year; therefore, we should expect more price actions.
Why is ApeCoin such a good buy right now?
NFTs will make a massive reappearance in 2023. That means the Board Ape Yacht Club floor price will continue to grow, increasing the value of ApeCoin. With a bull run in NFTs or the crypto market, ApeCoin might reclaim its all-time high of $20.
Using the crypto profit calculator, a $500 investment at the current price may result in a profit of roughly $2,000 if the token reaches just $20.
Polkadot
Polkadot is now trading at about $5.31, with a market cap of slightly more than $6.2 billion. Polkadot is currently down 8 to 5% year to date. But don’t be discouraged because this is primarily due to the bear market.
Polkadot works in what way?
Polkadot is the native token on the Polkadot blockchain. Investors are becoming more interested in Polkadot because it is becoming more interactive. Developers can connect blockchains to the Polkadot system. Investors are drawn in when they observe developers flocking to new technology. Polkadot is still in its infancy. Your investment may pay off in the long run if you enjoy taking chances. However, it may fail if a superior technology emerges and overtakes Polkadot.
Polkadot has many projects in the works, but its cryptocurrency will take some time to thrive. The good news is that it already has monetary value in exchanges, making this cryptocurrency worth keeping an eye on. Polkadot might reach at least $20 during the next cryptocurrency bull run.
Using the crypto profit calculator, a $500 investment at the current price might yield a profit of roughly $1,300.
Fetch.ai
Fetch is trading at roughly eight cents per share, with a market valuation of more than $59 million. The token has gained more than 33% in the last seven days.
What exactly is Fetch.ai?
Launched in February 2019 on the Binance Launchpad, Fetch.ai is an excellent example of how technologies came together at the start of the Fourth Industrial Revolution. The idea came from the combination of artificial intelligence and blockchain, two technologies that are often talked about together today. The idea came from the desire for AI-based systems that are not centralized, like Google’s Home Hub, which is now being used more and more as digital assistants.
The Fetch.ai team thinks that providing different services doesn’t have to mean giving free user data to companies that want to monopolize this process and want more information. Fetch is an ideal token, and as AI technology evolves, I can only see positive things for Fetch’s future. With this scenario, the token may reach $1 in the event of a bull run.
Using the crypto profit calculator, a $500 investment at the current price might result in a profit of about $5,200 if the token reaches $1.
Basic Attention Token (BAT)
BAT is now priced at 22 cents and has a market cap of nearly $332 million. BAT is down 83% year to date, but the coin has yet to reach all-time highs.
What exactly is a Basic Attention Token (BAT)?
The Brave browser includes the Basic Attention Token, built on the Ethereum Blockchain. An incentive coin is embedded in the browser to benefit all ecosystem participants, including the user, advertiser, and publisher. A Basic Attention Token is distributed by “Brave Browser,” a web browser that prioritizes the user.
The value of the brave browser is its privacy-focused ads, which do not track users, and ads are only shown to people who choose to see them. Users are rewarded with BAT for their attention when they explore the web and opt into promotions on Brave. Publishers receive a portion of the BAT if they retain good users. Advertisers get a better return on their money if they reach audiences interested in what they have to say and who want to watch their ads.
Users with BAT can also automatically give their tokens to authors based on how long they spend on the website or give them tips manually.
The Washington Post, Vice, The Guardian, and other well-known publishers have joined Brave. It could be the future of web browsing because it rewards users with a token they can sell. In the case of a bull run, BAT might reach $1.50.
Using the crypto profit calculator, a $500 investment at the current price may result in a profit of about $2,800 if the coin reaches $1.50.
Battle Infinity
IBAT is priced at less than $0.002 and has a market capitalization of only $6.6 million. Battle Infinity is a multi-use bitcoin platform that provides a play-to-earn environment with different in-game earning options. They are developing a game-changing sports platform using NFT and metaverse-based utilities.
Battle Infinity is one of the most important gaming crypto coins because it has different sports and NFT elements. This platform also has a unique way to stake. Based on the cryptocurrency staking protocol, IBAT can yield between 12% and 25% APY.
As the circulating supply decreases, almost $4 million is locked up in the staking feature. As a result, the token’s demand may rise, leading to more significant price hikes.
In a bull run, this token, valued at nine cents, might reach a market cap of only $300 million. At the current price, if you invest $500 and use the crypto profit calculator, you can make about $22,000.
However, remember that you must first purchase and hold these tokens.
